Following the success of the hospital-within-a-hospital model for long-term acute-care, a new healthcare company said it has raised $7 million in first-round financing to use the same model for inpatient rehabilitation. The company, Centerre Healthcare Corp., St. Louis, aims to open its first hospital-within-a-hospital by mid-2003. Centerre is in lease negotiations with one hospital and various stages of development with "a couple dozen" other hospitals, company co-founder and CEO John Lewis said. Three independent venture capital funds provided the first-round financing. Most of Centerre's operations will be in the central U.S., particularly the Midwest, Lewis said. The company has no plans to open freestanding rehabilitation hospitals or pursue outpatient care, he said. For more on this story, go to www.modernhealthcare.com. -- by Julie Piotrowski
New firm aims to redesign rehab market
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